Walt Disney (NYSE:DIS) beat the Street late Tuesday with a 24% leap in fiscal third-quarter net income, but like many other large multinationals the media giant's revenue growth failed to meet Wall Street's hopes.

Shares of the blue-chip parent of ESPN and Disney World dipped less than 1% in after-hours action.

Disney said it earned $1.83 billion, or $1.01 a share, last quarter, compared with a profit of $1.48 billion, or 77 cents a share, a year earlier. Analysts had been calling for EPS of just 93 cents.

Revenue rose 4% to $11.09 billion, but that trailed the Street's view of $11.3 billion.

"We had a phenomenal third quarter, delivering the largest quarterly earnings in the history of our company," CEO Robert Iger said in a statement. "We believe our results clearly demonstrate Disney's unique value proposition and great potential to deliver long-term growth."

Disney reported a 3% increase in media networks revenue to $5.1 billion thanks to growth at its domestic Disney Channels and ABC Family.